A Corporate Solution to Global Poverty
Craig Wilson, George Lodge
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Sozialwissenschaften, Recht, Wirtschaft / Wirtschaft
Beschreibung
World leaders have given the reduction of global poverty top priority. And yet it persists. Indeed, in many countries whose governments lack either the desire or the ability to act, poverty has worsened. This book, a joint venture of a Harvard professor and an economist with the International Finance Corporation, argues that the solution lies in the creation of a new institution, the World Development Corporation (WDC), a partnership of multinational corporations (MNCs), international development agencies, and nongovernmental organizations (NGOs).
In A Corporate Solution to Global Poverty, George Lodge and Craig Wilson assert that MNCs have the critical combination of capabilities required to build investment, grow economies, and create jobs in poor countries, and thus to reduce poverty. Furthermore, they can do so profitably and thus sustainably. But they lack legitimacy and risk can be high, and so a collective approach is better than one in which an individual company proceeds alone. Thus a UN-sponsored WDC, owned and managed by a dozen or so MNCs with NGO support, will make a marked difference.
At a time when big business has been demonized for destroying the environment, enjoying one-sided benefits from globalization, and deceiving investors, the book argues, MNCs have much to gain from becoming more effective in reducing global poverty. This is not a call for philanthropy. Lodge and Wilson believe that corporate support for the World Development Corporation will benefit not only the world's poor but also company shareholders as a result of improved MNC legitimacy and stronger markets and profitability.
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Non-governmental organization, Corporate social responsibility, Economy, Aid, World economy, Requirement, Developing country, Oxfam, International Monetary Fund, United Nations Industrial Development Organization, Economic development, Business Activities, Development aid, World Bank Group, Competition (economics), Entrepreneurship, Shareholder value, Incentive, Investment, World Bank, Multinational corporation, Consumer, Corporate governance, Global Reporting Initiative, Mission statement, Shareholder, International development, Big business, Competition, World War II, International organization, Employment, Policy, Poverty, Foreign direct investment, Globalization, United Nations Conference on Trade and Development, Investor, Partnership, Ideology, Consulting firm, United States Agency for International Development, Sustainable development, Economic impact analysis, Eco-efficiency, Social responsibility, United Nations Development Programme, Welfare, Chairman, McKinsey & Company, Income, Private sector, Millennium Development Goals, Subsidy, Economic growth, Tax, Business case, Corporate behaviour, Wealth, Institution, Standard of living, United Nations Global Compact, World Business Council for Sustainable Development, International Chamber of Commerce, Kofi Annan, Civil society, International Finance Corporation, Poverty reduction, Developed country, Governance